Tuesday, May 19, 2009


The Bottom!

Everyone talks about “THE BOTTOM” of the Real Estate market.

Has Mill Valley Real Estate hit “THE BOTTOM”?

Recent housing statistics show a trend over the past 12 months show a leveling in Mill Valley Real Estate regarding supply in relation to sales with the Altos Research Median Market Average index remaining consistently in a narrow “buyer's market” range. This illustrates that supply in relation to sales has stayed somewhat level during the past year.

Median single family home prices have declined approximately 13% over the past year to $1,266,692 as of May 10 and the days on market have escalated to 112 from a low of 68 in January, 2009. Median price per square foot has dropped $70 over the past year to between $610 and $628/sq. ft.

The Average Days on the Market figure has been consistently at 110 Days since the end of February which is up from a low of about 70 days in mid 2008.

In some communities there has been little decline, in some none at all. There is not enough of a trend to draw any conclusive answers in relation to the bottom, but there are some data that show some leveling off of some analytics.

Current Mill Valley homes for sale.

Mill Valley foreclosures.

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